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MLS: #7109091, Listed By: Andrew Fischer, RE/MAX Advantage Plus, Source:FargoMoorhead Area Association of REALTORS

340 S Olive Street

Waconia, MN 55387
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$299,000 $1,260/Mo
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Bed 4

Bed

Bath 3

Bath

SqFt1,828

Sqft

Acres0.24

Acre(Lot)

Turnkey Duplex Steps from Downtown Waconia! Welcome to 340 Olive St, a beautifully updated two-unit property just blocks from Waconia's charming downtown — shops, restaurants, Lake Waconia, and community events all within easy walking distance. This is a rare opportunity to own a fully renovated multifamily home with immediate cash flow and flexibility for an owner-occupant or investor. The main-level unit is a spacious 2BR/2BA currently leased at $1,793/month total (rent + utilities/pet fees), generating reliable income from day one. Recent upgrades include fresh paint, new trim, updated bathroom with new flooring and vanity, electric radiant heaters, a converted den now used as a bath, an added bedroom, new sub-panel, spray foam insulation, a full re-pipe to PEX, new LVP flooring throug hout the kitchen and entry, a new water softener, and more — nearly every major system and finish has been touched since 2023. The upper unit (340 ½) just became available, offering a fantastic opportunity to set market rent or move in yourself. This unit has refinished hardwood floors, quartz kitchen countertops, all-new stainless appliances, an updated kitchen sink and disposal, new LVP flooring and a newer flat roof membrane. Landlord-paid water and gas average just $150/month, keeping expenses predictable. Don't miss the Open House Thursday, 7/16 from 5–7 PM. Properties like this, with this level of care and updates in this location, don't last long.

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Detail Ic Property Details

Property Type : Residential Income

Price : $299,000

AD Id : 88022248

MLS Id : 7109091

Beds : 4

Lot Size : 0.24 Acre

Living Area Size : 1,828

Year Built : 1924

Garage : 1

County : Carver

Subdivision: Cedar Glen Ests

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 3

    Room Information

    Has Basement: Yes Basement: Unfinished, Block, Concrete

  • Roofing Information

    Asphalt, Shingle

  • Interior Features

    Roof: Asphalt, Shingle

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1924 Building Area Total: 3028 Stories: 2 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 60x140 Main Square Feet: 0.24 Acres Lot Size Acres: 0.24 Lot Size Square Feet: 10454.4

    Property Information

    Subdivision: Volkenants 3rd Add Source Property Type: Residential Income Postal Code Plus 4: 280 Property SubType: Duplex Levels: Two Property Age: 102

  • Listing Price Information

    Listing Price: $299000

  • Tax Information

    Parcel Number: 755030050 Tax Year: 2026 Annual Tax: $4252 Tax Legal Desc: S1/2 OF LOT 5 SUBDIVISIONNAME VOLKENANTS 3RD ADDITION LOT 006 BLOCK 002 SUBDIVISIONCD 75503 SECTION 24 TOWNSHIP 116 RANGE 025

  • Parking Information

    Gravel

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: #212 to Olive to home WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 07/20/2026 @ 00:02

MLS: 7109091 LISTED BY: Andrew Fischer, RE/MAX Advantage Plus 952-253-5600 SOURCE: FargoMoorhead Area Association of REALTORS

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